Bloomberg says that an internal memo indicated that the "entire PlayAI team" would be joining the company next week and that a Meta representative has confirmed the transaction.
PlayAI's "progress in developing authentic voices, together with a platform for easy voice creation, is a wonderful match for our work and road map across AI characters, Meta AI, wearables, and audio content creation," according to a message from Meta.
The business has been investing heavily in AI, as seen by its aggressive hiring practices from OpenAI and its agreement with Scale AI, which resulted in Alexandr Wang, the CEO of Scale AI, joining Meta to head a new superintelligence-focused team.
The acquisition's financial conditions were not made public. The two businesses were reportedly in takeover negotiations, according to earlier reports from Bloomberg.